AST SpaceMobile Shares Soar 382% Amid Satellite Breakthrough, Analysts Wary
AST SpaceMobile's stock surged to a record $104.80, marking a 382% annual gain as investors cheered the deployment of its BlueBird 6 satellite—the largest commercial communications array in low Earth orbit. The technology promises direct broadband delivery to unmodified smartphones, a potential game-changer for global connectivity.
The company's ambitious roadmap includes launching 45-60 satellites by 2026, backed by partnerships with 50+ carriers serving nearly 3 billion subscribers. Yet skepticism lingers: analysts maintain Hold ratings with a $75.51 average target, citing unresolved funding needs, technical hurdles, and absence of recurring revenue.